Tuesday, September 1, 2009

SDS closed

This trade have shown my biggest trading mistake "not selling immediately when proven wrong" I was stubborn and refuse to take my losses. The same thing happened with my AAPL put position these trades showed my lack of discipline and a not following my trade plan. The result is devastating almost 100% of my gains since April have been evaporated. A very expensive lesson that should not be repeated at all cost!

I sold my 100 shares of SDS this morning on the bounce at $45.36 price have been adjusted to include broker fees for a -$619.00 total loss. I was about to hold it one more night but I changed my mind I think selling it will give me a brand new slate. And if price move up tomorrow I can choose to buy SDS intraday dip. The best thing is that I'm free from any overnight uncertainty.

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